News and Information from Bond Buyer

Standard & Poor’s revised its credit outlook on Massachusetts to negative from stable Nov. 23 citing a projected decline in financial reserves.

Indicator Last Report Forecast Actual GDP Q2: +3.9% Q3: +2.0% Q3: +2.1% Final Sales Q2: +3.9% Q3: +3.0% Q3: +2.7% Consumer Confidence Oct.: 99.1 Nov.: 99.5 Nov.: 90.4

Service sector activity "moderated in November," according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Manufacturing activity in the central Atlantic region "slowed in November," according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index slipped to negative 3 in November from negative 1 in October.

The consumer confidence index slid to 90.4 in November from a revised 99.1 last month, The Conference Board reported Tuesday.

Municipal bond traders were looking to find a few good deals on Tuesday, as the week's skimpy new issue volume was set to dry up.

Regardless of how or when Pennsylvania settles its budget impasse, pension underfunding will probably linger, said one actuarial expert.

The region's non-manufacturing sector gained in November, as the general business conditions index rose to 26.3 from 17.5 in October, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.

Tuesday, November 24 Issuer St Description Amount

Tuesday, November 24 Issuer St Description Amount

Week Of November 30 Issuer St Description Amount

Week Of November 23 Issuer St Description Amount

Nov. 24, 2015 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.35 1.44 2.31 3.28 Arkansas Aa1/AA/NR 0.32 1.34 2.14 3.1 Colorado Aa1/AA/NR 0.32 1.4 2.24 3.23 Kansas Aa1/AA+/NR 0.3 1.4 2.24 3.19 New Mexico Aaa/AA+/NR 0.3 1.34 2.15 3.13 Oklahoma Aa2/AA+/AA+ 0.34 1.43 2.26 3.23 Texas Aaa/AAA/AAA 0.33 1.39 2.23 3.18 Utah Aaa/AAA/AAA 0.3 1.28 2.05 3.01

KENTUCKY

IDAHO

11/23/2015 11/16/2015 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 2 $139,215 4 $133,085 $6,130 Arkansas 4 154,245 9 84,105 70,140 Colorado 0 0 8 168,855 -168,855 Kansas 3 29,980 9 165,632 -135,652 New Mexico 0 0 2 39,015 -39,015 Oklahoma 5 54,725 7 45,990 8,735 Texas 21 536,782 41 640,311 -103,529 Utah 1 24,000 2 40,700 -16,700

Government

The Los Angeles Unified School District’s decision to create task forces aimed at cutting costs to avoid a projected $333 million deficit in 2017-2018 is a credit positive, according to Moody’s

Veteran bond attorney Jeremy A. Spector has been named executive director and secretary of the New Jersey Educational Facilities Authority (NJEFA).

Hawaiian economists forecast slow but steady economic growth through 2018.